Bitdeer Technologies Group (Bitdeer Technologies Group) Cash-to-Debt : 1.56 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Bitdeer Technologies Group Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Bitdeer Technologies Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.56.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Bitdeer Technologies Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Bitdeer Technologies Group's Cash-to-Debt or its related term are showing as below:

BTDR' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.56 Med: 2.13 Max: 4.03
Current: 1.56

During the past 5 years, Bitdeer Technologies Group's highest Cash to Debt Ratio was 4.03. The lowest was 1.56. And the median was 2.13.

BTDR's Cash-to-Debt is ranked worse than
57.63% of 2799 companies
in the Software industry
Industry Median: 2.43 vs BTDR: 1.56

Bitdeer Technologies Group Cash-to-Debt Historical Data

The historical data trend for Bitdeer Technologies Group's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Bitdeer Technologies Group Cash-to-Debt Chart

Bitdeer Technologies Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

1.96

4.03

2.31

1.56

Bitdeer Technologies Group Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							2.31	1.75	1.29	1.44	1.56

Competitive Comparison of Bitdeer Technologies Group's Cash-to-Debt

For the Software - Application subindustry, Bitdeer Technologies Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bitdeer Technologies Group's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Bitdeer Technologies Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Bitdeer Technologies Group's Cash-to-Debt falls into.

Bitdeer Technologies Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Bitdeer Technologies Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	144.729	/	(0	+	92.829)
	=	1.56

Bitdeer Technologies Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	144.729	/	(0	+	92.829)
	=	1.56

Bitdeer Technologies Group (NAS:BTDR) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Bitdeer Technologies Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Bitdeer Technologies Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Bitdeer Technologies Group (Bitdeer Technologies Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitdeer Technologies Group (NAS:BTDR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

08 Kallang Avenue, Aperia tower 1, No. 09-03/04, Singapore, SGP, 339509

Website

https://www.bitdeer.com

Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. Its major business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway.